Some economists suggest the optimal way for a nation to protect its access to a strategic mineral is with
A) an infant industry tariff.
B) a high rate of effective protection to keep local mines in business.
C) a quota on imports of the mineral.
D) a stockpile.
D
You might also like to view...
Economies of scale occur where
a. long-run average cost falls as new firms enter the industry b. short-run average cost falls as new firms enter the industry c. long-run average cost falls as one firm expands plant size d. short-run average cost falls as one firm expands plant size e. long-run average cost rises as one firm expands plant size
A nation's infrastructure includes all of the following except its:
a. market system. b. educational system. c. energy system. d. railroad system. e. religious system.
The owner of a good has the right to decide how that good is used and to restrict others from using that good. This idea is known as:
a. the principle of mutual excludability. b. the principle of comparative advantage. c. the principle of public ownership. d. the principle of negative externalities. e. the law of demand.
When the average total cost is rising, it must be the case that the
a. average total cost is below average fixed cost b. fixed cost is not very high c. marginal cost is greater than the average variable cost d. average fixed cost exceeds average variable cost e. average variable cost exceeds average total cost